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YOUR ADVENTURE IN HOME PURCHASING STARTS HERE.

 

If you are a first-time homebuyer, getting professional mortgage advice is a great place to start. We specialize in the kind of education that can help get new homebuyers off to a great start! Although mortgage debt is ‘smart’ debt, buying your first home is a huge financial decision and there is a lot to think about. It’s one of the most important financial decisions that most Canadians will make in their lifetime.

You want to take advantage of today’s low rate environment but it can be overwhelming to sort through all of the options out there. Slaney Mortgages will help get you the right combination of mortgage features, privileges and rate that is best matched to your needs. The right mortgage goes beyond just the rate–it’s important to also consider term, prepayment options, refinancing penalties, restrictions, and fees.

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Determine what you can afford.

Before you start shopping for a home – and long before you consider putting an offer on one – let us help you determine how much home you can comfortably afford. Having a realistic budget to start will bring you confidence, knowing that you are not overextending yourself. Remember that home ownership involves costs beyond the monthly mortgage payment such at utility bills, insurance, taxes, home upkeep. Also see Closing Costs which include lawyer’s fees and all related legal expenses.

Be sure to talk to us about getting pre-approved, so you’ll get your interest rate guaranteed for a set period, typically 90 to 120 days.

Downpayment options.

Downpayment is one of your most important considerations before you look to purchase your new home. If you’re in the “saving up” stage of preparing for home ownership, this is a great time to meet with us so we can discuss your downpayment options. In most cases you want to save five percent of the purchase price.

There are a few options to consider for first-time homebuyers who may have smaller amounts to start:

  1. The Home Buyers’ Plan (HBP) – first-time homebuyers can withdraw individually $25,000 or $50,000 with a spouse tax-free from their RRSPs, provided they adhere to the repayment plan.
  2. Gifted Downpayment from a parent or blood relative – can be a source of funds as long as the homebuyer receives in writing that they are not required to pay the money back at any time.
  3. Start small – the dream house may be priced too high, so a starter home might be the right option for a first-time homebuyer. A smaller home or maybe a house just outside of the expensive area will help get a foot in the door. The homebuyer can take advantage of the low interest rates to pay off the home quicker and use the equity from the first home to buy the dream home later.

Plan for closing costs.

There are additional costs that come with buying a home so you’ll need to have some extra funds set aside to cover these costs. Generally, you can expect to pay between 1.5% and 4% of the home’s selling price in total closing costs. We can outline all of your closing costs so you won’t be caught by surprise.

Slaney Mortgages will also provide strategies to help you pay your mortgage off faster and shave thousands off interest costs.

There’s so much to consider. Work with Bryan and Jarrett today so you can get into the market and start your wealth building with smart debt! We’ll help you get off on the right foot in your home buying journey.

We look forward to helping you achieve your dream of homeownership!

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LOWER YOUR DEBT, BOOST YOUR MONTHLY CASH FLOW, AND BE MORTGAGE-FREE QUICKER.

If you’re carrying high-interest credit card debt that has caused your cash flow to slow to a trickle, you owe it to your financial future to have a conversation about how you can roll that debt into your mortgage so you can save – sometimes thousands in interest – and start building wealth. Worried about penalties? Don’t think it can make much difference? Think again. Using today’s historically low mortgage rates, you have a golden opportunity to give yourself a tremendous financial boost. By using your home equity to consolidate your debt, you can improve monthly cash flow, have one easy payment, and be mortgage-free quicker.

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Make this the start of a new financial life. We’d love to help you crunch some numbers to see what kind of life you could be living! Talk to us about scheduling a free, no-obligation review of your situation. We guarantee you’ll be glad you did.

+4.5% current mortgage, 3.5% new mortgage. Credit cards 19.5% and car loan 7%, both 5 yr am. Subject to change. OAC. For illustration purposes only.

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DON’T RENEW YOUR MORTGAGE WITH YOUR EYES CLOSED!

At renewal, you can renegotiate everything pertaining to your mortgage – amortization, rate, term etc. with no penalties. Your lender will be interested in seeing you come back, but it’s important to investigate your options and make sure you are getting the best possible deal.

A major financial institution’s consumer debt survey found two-thirds (65%) of homeowners did not compare mortgages from more than one lender when they last renewed.* In fact, 20% stayed with their current lender after maturity and did not negotiate; several banks will auto-renew you at posted rates versus fully discounted rates, which can be a difference of hundreds of dollars a month. Don’t renew your mortgage with your eyes closed!

Mortgage renewal is also an important time to decide if you should roll your high-interest credit cards and other debt into your mortgage to get one lower payment, boost your cash flow, and save on interest costs. Or perhaps it’s a good time to take some equity out for renovations, a second property or for investing.

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We work for you and are in touch with a wide variety of lenders so we can always make sure you are in the best position possible. When you are six months from renewal, be sure to contact us so we can review all of your options and strategies, not just those presented by your current lender.

There are some great options out there – from a wide range of lenders; let us help you look around.

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THERE ARE MANY REASONS TO TAP INTO HOME EQUITY.  WHAT’S YOURS?

Your home equity can be a valuable financial resource, enabling you to access credit at rates that are generally lower than other forms of borrowing. Some popular reasons to refinance include:

  • Home renovations
  • Investments
  • Second properties
  • Debt consolidation
  • Education
  • Unexpected expenses
  • New business/Self employment
  • Retirement planning i.e. supplement income, freedom to travel, home care, pay for ongoing bills like property taxes
  • Create a financial buffer for future needs

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To see if unlocking some of your home equity works for you, contact us for a free review of your current situation and future goals. We can advise how much equity you can leverage, and what your monthly payments would be. You may be surprised at the power of your home equity.

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ORDINARY CANADIANS CAN BUILD WEALTH WITH INVESTMENT PROPERTY

Across the country, ordinary Canadians are building personal wealth with investment property.

The market is clearly there. In fact, the investment property market continues to be strong in most markets in Canada, with a steady supply of renters for residential, commercial and retail properties.

An investment property is also being increasingly viewed as a pension plan for the future, particularly since so many Canadians are not covered by workplace plans. Over the long term, an investment property can be a great source of retirement funds. Rental income typically pays for most or all expenses and property appreciation has often outperformed the stocks and bonds over the long term.

This is not just an investment for well-established business people and experienced homebuyers. Savvy first-time buyers are often jumping in with both feet: purchasing a duplex or triplex, and then managing the additional units to pay down the mortgage while they make a start on home ownership. And parents who add up the cost of accommodations for their college-bound children are often deciding to be landlords themselves – since they know at least one of the tenants very well, and they see an opportunity to offset the cost of housing with a sound investment.

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There are many reasons to consider investing in property. If you are thinking about building wealth with an investment property, talk to us. We can help you determine your downpayment options and run the financial calculations that you’ll want to see for cashflow and capital appreciation.

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YOU MAY NOT FIT IN THE NEAT BOXES AT THE BANK.  WE DON’T HAVE BOXES, WE HAVE SOLUTIONS!

We work with self-employed Canadians every day and understand the issues that keep you up at night. Your dreams for home ownership should not be one of them!

You already know it makes sense to go to a specialist to get the job done, similar to how you consult other expert advisors, such as lawyers, accountants or financial planners. And we work for YOU, not an institution. The more complex your mortgage situation, the more sense it makes to find an experienced mortgage professional who can customize a mortgage to meet your short-term needs and your long-term financial plan. Your home is a very important asset; make the most of it!

While there is now broad recognition that self-employed Canadians are an excellent and reliable customer group,  Slaney Mortgages will advise you how you can improve your options and get the best possible rate, for instance, through any documentation to prove income and/or employment, a great credit history, or a significant downpayment.

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Most of all, we can help you stay focused on your business, alleviating the burden of many time-consuming and frustrating tasks associated with securing a mortgage. We’ll also work around your hectic work schedule.

You bring everything to your business. Now it’s time to reward yourself. Let us show you how.

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HELPING NEW CANADIANS GET A HOME OF THEIR OWN

New Canadians are making their numbers felt in the housing market, as they get settled and make the transition from renter to owner, with
mortgage brokers helping to make that transition as easy as possible.

The most important considerations for new Canadians are credit history and downpayment. If you are new to Canada and do not have any
established credit, you can qualify for a mortgage with three months of employment history and by demonstrating credit worthiness to your
lender in other ways:

  • Proof of timely rent payments confirmed by your landlord (non-family member) and bank statements
  • Bank statements showing pre-authorized payments for12 months for regular payments such as utilities, telephone, cable, insurancepremiums, along with a bank reference letter
  • A credit report from your country of origin

Even though it is not required, it is a good idea to start establishing credit in Canada as soon as you can. A downpayment of five percent is the minimum, although a larger down payment may be required.

 

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If you are a new Canadian, we can streamline the mortgage process for you, from counseling on credit, to obtaining credit references from foreign banks, to confirming foreign income. We’ll advise you on the paperwork you need to assemble to apply for a mortgage, and then present your financial history to the lender or lenders that can best meet your needs.

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YOUR CREDIT KEEPING YOU FROM THE BEST MORTGAGE RATES? WE CAN HELP!

Your credit history is an integral part of the mortgage approval process because that history is a reliable indicator of how you will manage
your mortgage and your finances in the future. Your credit score provides a snap shot of your perceived lending risk at a particular moment in
time. It can change from month to month, which provides a great opportunity for you to improve your score if you need to with the right credit
behaviours.

Call and we can give some tips to successful repairing or building of credit. Remember though, patience is required.

Your good credit is your passport to financial opportunities!

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Unfortunately, a less-than-stellar credit rating can affect your ability to get the best mortgage rates. You may not realize how much money your credit situation could cost you. That’s why it’s a good idea to talk a Mortgage Consultant as soon as you can. We can review your situation and coach you on how best to improve your credit over time. As your good credit history becomes established, in due course your borrowing options will increase. If you wish to get a mortgage while you work on bettering your score, we can also advise you on how that may be possible.

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You want to get the most from your mortgage – now and in the years to come. We can do just that! From competitive rates to flexible options, we have exclusive products that are only available through your Invis Mortgage Consultant. Our goal is to continuously pursue excellent options and the best range of choice for our brokers and their clients.

Partner Mortgage

Because this is our mortgage, we have found ways to cut overhead and pass those savings on to you, while keeping all the frills! More

Partner Mortgage Clients

We want your mortgage experience to be a good one! More

WealthLine

You can build your own mortgage portfolio by selecting any combination of available mortgage products. More

 

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THE BEST VALUE FOR HOME INSURANCE


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Home insurance is an important part of your mortgage; lenders require it before advancing funds. When you’re shopping for home insurance, check out the competitive rates Unitas has to offer.

When your home insurance comes up for renewal, do a “value check” to make sure you’re getting the best product at the best price.

Give Unitas a call and see if they can “do better”. No obligation.

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Bryan helped me get my mortgage during a very hard time when no one else would.
I would walk by the house I wanted and visualize myself living there.
Bryan made my dream come true and I will always keep going back to Bryan.
Bryan is a good friend and I would recommend him to everyone.Vivienne Devellano
Bryan and his team have provided my business partner and myself with excellent service and great rates for our investment properties. His knowledge of the mortgage industry is unsurpassed. Slaney Mortgages is the one stop broker to contact for all your mortgage needs.H. Weiler
Over the years, in good times and bad, Bryan and his team have always provided me with sound financial advice in a friendly, professional manner. I would not hesitate to recommend Invis to anyone seeking mortgage financing, whatever their circumstances.L. M. Alcorn
Bryan Slaney was so helpful in our journey to purchase our first home. What seemed like an intimidating process at first, was simplified thanks to Bryan, and we felt he really took the time to ensure our understanding of the mortgage world. We are so thankful he was there to guide, educate, and support us in such a big step in our lives.L. Sheppard and T. Livingston
If you want very knowledgeable, personable and friendly mortgage brokers then these are the guys for you! I was 100% satisfied with their services!Meghan L. & Jeremy P.
We are truly grateful for the service you have provided us! Initially we were nervous about the purchase of our first home, but you made the process a comforting one. We were educated along the way so we knew exactly what to expect – we never felt like something was ‘last minute’ or forgotten.

Thank you for exceeding our expectations.Kaitlin & Jordan

We had a great experience getting our first mortgage because the great service provided by Bryan Slaney and Slaney Mortgages. Being first time homeowners and having little knowledge about financing Bryan took the time to guide us through the process and answer all our questions. He was always very attentive and quick to get back to us whenever we needed. Bryan made the process stress free and got us a great interest rate! We would recommend Slaney Mortgages to anyone needing a mortgage.Nikki & Lucas
My husband and I worked with Bryan on the mortgage for our first home and truly could not have done it without him! When we started the process we weren’t sure what we wanted or even what our options were but Bryan took the time to talk to us and really understand what our needs were. He never tired of carefully explaining things to us and talking us through different options. He eventually recommended a purchase plus improvements mortgage that allowed us to complete the renovations we wanted on our new home – which was the perfect solution we never knew existed. Bryan’s experience and knowledge in the industry was invaluable. I would happily work with him again and strongly recommend him!Jesse & Justin